Investors Sell Shares of ConocoPhillips (COP) on Strength (COP)

Investors sold shares of ConocoPhillips (NYSE:COP) on strength during trading on Thursday. $80.56 million flowed into the stock on the tick-up and $153.70 million flowed out of the stock on the tick-down, for a money net flow of $73.14 million out of the stock. Of all equities tracked, ConocoPhillips had the 0th highest net out-flow for the day. ConocoPhillips traded up $1.09 for the day and closed at $65.21

Several analysts recently issued reports on the stock. Goldman Sachs Group downgraded shares of ConocoPhillips from a “buy” rating to a “neutral” rating in a research report on Monday, October 1st. Morgan Stanley downgraded shares of ConocoPhillips to a “hold” rating in a research report on Tuesday, October 2nd. Citigroup lifted their price target on shares of ConocoPhillips from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, October 5th. Zacks Investment Research raised shares of ConocoPhillips from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Monday, October 8th. Finally, Royal Bank of Canada downgraded shares of ConocoPhillips from an “outperform” rating to a “sector perform” rating and set a $90.00 price target for the company. in a research report on Thursday, September 20th. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $75.42.

The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.82 and a current ratio of 1.99. The firm has a market capitalization of $73.82 billion, a PE ratio of 110.20, a price-to-earnings-growth ratio of 1.49 and a beta of 1.22.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, October 25th. The energy producer reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.19. The firm had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.48 billion. ConocoPhillips had a net margin of 16.08% and a return on equity of 14.62%. As a group, analysts predict that ConocoPhillips will post 4.77 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, October 15th will be issued a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 1.85%. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, October 12th. ConocoPhillips’s payout ratio is currently 203.33%.

In other ConocoPhillips news, VP Glenda Mae Schwarz sold 18,882 shares of ConocoPhillips stock in a transaction on Monday, September 10th. The shares were sold at an average price of $71.15, for a total transaction of $1,343,454.30. Following the transaction, the vice president now directly owns 29,064 shares of the company’s stock, valued at approximately $2,067,903.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Ryan Michael Lance sold 160,064 shares of ConocoPhillips stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $72.07, for a total transaction of $11,535,812.48. Following the transaction, the chairman now directly owns 106,312 shares in the company, valued at $7,661,905.84. The disclosure for this sale can be found here. Insiders have sold a total of 288,378 shares of company stock worth $20,769,145 over the last ninety days. Insiders own 0.88% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital World Investors boosted its holdings in shares of ConocoPhillips by 2.4% in the 3rd quarter. Capital World Investors now owns 65,981,471 shares of the energy producer’s stock worth $5,106,966,000 after buying an additional 1,571,260 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of ConocoPhillips by 54,716.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 12,236,749 shares of the energy producer’s stock worth $947,125,000 after buying an additional 12,214,426 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of ConocoPhillips by 12.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,855,458 shares of the energy producer’s stock worth $685,414,000 after buying an additional 964,479 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of ConocoPhillips by 85.1% in the 3rd quarter. AQR Capital Management LLC now owns 8,596,351 shares of the energy producer’s stock worth $665,357,000 after buying an additional 3,951,688 shares during the last quarter. Finally, Boston Partners boosted its holdings in shares of ConocoPhillips by 4.4% in the 2nd quarter. Boston Partners now owns 8,577,059 shares of the energy producer’s stock worth $597,135,000 after buying an additional 363,322 shares during the last quarter. 72.70% of the stock is currently owned by hedge funds and other institutional investors.

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ConocoPhillips Company Profile (NYSE:COP)

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. Its portfolio includes North American tight oil and oil sands assets in Canada; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; and an inventory of conventional and unconventional exploration prospects.

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